Financial Market Updates of last 12 hours

Forex news for Asian trading on July 28, 2020

• Gold and silver continue to climb in Asian morning trade
• Gold, silver - The US Mint says it has reduced gold and silver coin supplies to purchasers
• Global Times says Australian iron ore can’t prop up souring economic ties with Beijing
• Pelosi says still hopes to come to a compromise agreement with Republicans on coronavirus economic relief bill
• Japan data - PPI Services for June: 0.8% y/y (expected 0.8%)
• Australian data - ANZ Roy Morgan Consumer Confidence Index: 89.0 (prior 90.7)
• New Zealand has suspended its extradition treaty with Hong Kong
• UK data - Lloyds Bank Business Barometer for July: -22 (prior -30)
• Japan’s biggest private life insurer is planning to buy more US corporate bonds
• Coronavirus - Google to keep most of its employees at home until July … 2021
• Bitcoin has another big spurt higher, above $11,000 now
• US Senate Republican Leader McConnell: Cost of Republican coronavirus response bill about $1tln
• North Korean dictator Kim Jong Un says nuclear deterrence guarantees national safety
• More explosions in Iraq - this time north of Baghdad

Forex news for North American trading on July 27, 2020

• Major indices snap 2-day losing streak and are closing near their high levels for the session.
• Silver up over 7% once again for the day
• US CDC cases rise by 61,795 vs. 64,582
• California cases 6891 vs. 8259 yesterday
• WTI crude oil futures settle at $41.60
• Senator Collins says will vote NO for Judy Shelton FOMC nomination
• US treasury auctions off $49 billion of 5 year notes at 0.288%
• US sells 2-year notes at 0.155% vs 0.146% WI
• Arizona virus situation continues to quickly improve
• Republican plan will reduce weekly unemployment benefit to $200 from $600 - report
• Florida coronavirus cases moderate but median age climbs
• Dallas Fed manufacturing index -3.0 vs -4.9 expected
• Miami Marlins cancel home baseball debut after team coronavirus outbreak
• Brexit: Barnier believes Boris Johnson wants a deal
• US National Security Advisor Robert O'Brien has coronavirus
• US June prelim durable goods orders +7.3% vs +7.0% expected